page_title: Economy of Ohio
section_title: Agriculture
hierarchical_section_title: Economy of Ohio / Industries / Agriculture
caption_attribution_description: English: Tomatoes
context_page_description: The economy of Ohio nominally would be the 21st largest global economy behind Saudi Arabia and ahead of Argentina according to the 2017 International Monetary Fund GDP estimates. The state had a GDP of $656.19 billion in 3rd quarter of 2017, up from $517.1 billion in 2012, and up from $501.3 billion in 2011, according to the Bureau of Economic Analysis. In 2013, Ohio was ranked in the top ten states for best business climate by Site Selection magazine, based on a business-activity database. The state was edged out only by Texas and Nebraska for the 2013 Governor's Cup award from the magazine, based on business growth and economic development. A new report by the Quantitative Economics and Statistics Practices of Ernst & Young in conjunction with the Council On State Taxation, ranks Ohio as third in the nation for friendliest tax environment. The study, "Competitiveness of state and local business taxes on new investment," provides a state-by-state comparison of tax liabilities. The top five states ranked with the lowest effective tax rate on new investment are: Maine; Oregon; Ohio; Wisconsin; and Illinois.
context_section_description: Ohio's agricultural industries represent $124 billion of the state's economic output, employing one in eight Ohioans directly or indirectly. Ohio's agricultural market exports many different products. Ohio ranks 1st in the production of Swiss cheese out of all 50 states, 3rd in egg production, 6th in soybeans, 8th in hogs, and 9th in corn for grain.  The agriculture and food processing and eatery industries are heavily intertwined in Ohio.  For example, Ohio being the 3rd largest producer of tomatoes in the United States,in turn has the world's largest ketchup processing plant in Fremont.
  The number of farms in Ohio stood at 75,462 as of 2018.
caption: Tomatoes are an example of why Ohio's agriculture industry has deep relations with Ohio's food processing industry. Ohio is the 3rd largest producer of tomatoes out of all 50 states in the United States,[76] and, in turn, the world's largest ketchup processing plant is located in Fremont.[76]
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